In addition, Pat thinks then beginner investors should cultivate two important qualities: a healthy sense of skepticism and patience.
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Investors should approach all investments with a healthy sense of skepticism. This can help keep you out of fraudulent stocks that masquerade as high-quality stocks. It will also keep you out of legally operated, but poorly managed, companies that promise more than they can possibly deliver.
If you are a new investor, you should also realize that losing patience can cause you to sell your best choices right before a big rise. All too often, investors buy a promising stock just as it enters a period of price stagnation. Even the best-performing stocks run into these unpredictable phases from time to time. They move mainly sideways in a wide range for months or years before their next big rise begins. (Stock brokers often refer to these stocks as “dead money.”)
If you lack patience, you run a big risk of selling your best choices in the midst of one of these phases, prior to the next big move upward. If you lose patience and sell, you are particularly likely to do so in the low end of the trading range, when stock prices have weakened and confidence in the stock has waned.
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You Can See Our Income-Seeking Portfolio For June 2024 Here.
This month we update our Portfolio for Income-Seeking Investors.
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Founded in 1964, the company offers more than 112,000 products to its 26,000 retail customers....
Of course, some companies do a better job than others of choosing acquisition targets....
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The company is Canada’s largest traditional telephone service provider. It has 1.98 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces....
You Can See Our CWA Safety-Conscious Stock Portfolio For May 2024 Here.
We think investors will profit most—and with the least risk—by buying shares of well-established companies with strong business prospects and strong positions in healthy industries....
The company operates through three principal business segments: Energy Solutions, Urban Solutions, and Mission Solutions.
The Energy Solutions segment provides EPC services for the oil and gas, fuels, chemicals, liquefied natural gas and power markets.
The Urban Solutions segment provides a variety of services, such as consulting, program management and EPC services, to several markets--advanced technologies and manufacturing, healthcare, mining and metals, infrastructure, and project staffing.
The Mission Solutions segment provides high-end technical services to the U.S....